AndyStanton

Partner

Pittsburgh + 1.412.394.7936

Andy Stanton is an experienced litigator who has tried cases to juries, judges, and arbitrators. He focuses his practice on representing financial institutions, most recently in connection with disputes arising out of residential mortgage-backed securities (RMBS), including repurchase claims, RMBS trustee litigation, and other RMBS contractual disputes. Andy also has represented broker-dealers in state and federal courts and before FINRA arbitration panels.

In addition to his work on behalf of financial institutions, Andy represents public and private companies who conduct business in a diverse group of industries, including health care and pharmaceuticals, manufacturing, construction, mining, metals, and specialty chemicals. He has significant merger and acquisition litigation experience, including jury and bench trials. Andy has litigated post-closing claims for indemnification, disputes over money held in escrow, earn out disputes, and post-closing purchase price and working capital adjustment claims. He has litigated a variety of other contract and business tort claims, including on behalf of policyholders seeking insurance recovery for third-party bodily injury and property damage claims, first-party property damage, and business interruption losses.

Andy serves on the board of directors of Communities in Schools of Allegheny County, a nonprofit organization dedicated to supporting and assisting at risk students.

Experience

  • Founding owner of professional sports team represented in multibillion dollar control sale valuation contract disputeJones Day advised founding owner in obtaining a multibillion dollar control sale valuation of a professional sports team in a principal owner contract dispute.
  • Wells Fargo defends derivative and putative class action claims alleging wrongdoing with respect to 282 residential mortgage-backed securities trustsJones Day is defending Wells Fargo Bank, National Association in four derivative and putative class action lawsuits filed by institutional investors in 282 residential mortgage-backed securities trusts.
  • Wells Fargo obtains denial of class certification in RMBS trustee litigation alleging hundreds of millions of dollars in lossesJones Day represents Wells Fargo Bank, N.A., in a putative class action alleging hundreds of millions of dollars in classwide losses to investors on notes issued by two residential mortgage backed securities (RMBS) trusts for which Wells Fargo serves as trustee.
  • Broker-dealer defends against two FINRA customer arbitrations relating to real estate sectorJones Day is defending a broker-dealer in two pending FINRA customer arbitrations arising out of its role as a broker-dealer in connection with a private placement fund in the real estate sector.
  • Nationwide and Northstar litigate dispute surrounding design-build project for residential wastewater treatment facilityJones Day is representing plaintiffs Nationwide Realty Investors and Northstar Residential Development in litigation arising out of a design-build project for a residential wastewater treatment facility to serve the Northstar Community in Sunbury, Ohio.
  • Alcoa defends claims of copyright infringement brought by newsletter organizationJones Day was retained to advise Alcoa, Inc. on its defense to allegations of copyright infringement brought by Metal Bulletin Holdings arising out of alleged unauthorized redistribution of weekly newsletters to which Alcoa subscribed.
  • Wells Fargo defends against complaint filed by Nomura Credit & Capital Inc. alleging representations and warranties breachJones Day is representing Wells Fargo, National Association in a third-party complaint filed by Nomura Credit & Capital, Inc., the mortgage loan seller of six RMBS trusts.
  • The following represents experience acquired prior to joining Jones Day.

    Served as lead trial counsel for U.S. Silica Company in a West Virginia state court case in which U.S. Silica sought insurance coverage for defense and indemnity costs arising out of third-party silica bodily injury claims and obtained a jury verdict plus an award of attorneys' fees and interest.

    Served as lead trial counsel for Alcoa and obtained complete dismissal, following trial, of a post-closing claim for indemnification for a Chilean tax related to Alcoa's sale of its global consumer packaging business.

    Served as lead counsel for a publicly traded company in a post-closing accounting arbitration to resolve a purchase price adjustment dispute, at the conclusion of which the resolving accountant ruled in favor of the client.

    Obtained dismissal, affirmed on appeal, of a complaint brought by former shareholders of a pharmaceutical company that had sold their business to a pharmaceutical company client in which the plaintiffs sought reformation of the terms of an earn out agreement related to certain patents that were acquired as part of the deal.

    Represented a publicly traded company that had frozen a post-closing escrow account by making claims for potential indemnification under the terms of a merger agreement and obtained dismissal of complaint alleging breach of contract and seeking a declaration that the indemnification claims were invalid under the agreement.

    Represented an academic medical center in the defense of a qui tam complaint alleging false billings under Medicare Part B.

    Obtained summary judgment on behalf of a policyholder client against its general liability insurer in connection with claims for coverage for defense costs incurred in response to complaints alleging property damage arising out of the alleged release of contaminants from an industrial facility during a hurricane.

    Served as co-lead counsel in a jury trial defending a public company client against claims alleging fraud and breach of contract brought by former CEO of a joint venture company seeking damages related to an earn out agreement. The case settled on favorable terms at the conclusion of the second week of trial.

    Served as lead counsel for a broker-dealer client in FINRA customer arbitration and obtained dismissal of all claims during fourth day of arbitration.

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